Anglo to explore Kabanga
Over the next two years, South African mining house Anglo American plans to spend at least US$7 million exploring Sutton Resources’ (STT-V) Kabanga nickel project in northwestern Tanzania.Exploration …
1997
Companies urged to improve communications — Recommendations intended to strengthen market
Gold mining companies need adapt to a market in which confidence has been weakened and must be willing to improve communications in order to attract investor interest and confidence, according to a re…
LETTERS TO THE EDITOR — Experienced lawyers essential for work in foreign jurisdictions
No one can disagree with the comments made by Stephane Brabant (“Mining companies urged to note differences in laws,” T.N.M., July 14/97). They are applicable to any foreign jurisdiction, even those “…
Meridian makes headway at El Penon
Results from an ongoing prefeasibility study at the Chilean gold property known as El Penon will be used by Meridian Gold (MNG-T) to make a production decision by year-end.The Nevada-based company is …
Softrock adds to Greenland ground
Results of recent geological and geophysical surveys have prompted Softrock Petroleums (STZ-A) to further explore its Lindenow property in southeast Greenland.The junior says the property is prospecti…
DIAMOND PAGE — Sea yields treasures for diamond partners
A consortium of companies has completed its analysis of the first bulk sample from the Sunda Shelf project in the South China Sea, off the coast of Indonesia.The consortium — Trans Hex International …
TORONTO STOCK EXCHANGE INDICES (July 28, 1997)
1997July 22July 21July 18July 17July 16HighLowCom…
Metallica expands holdings
Metallica Resources (MR-T) is adding two new gold properties to its portfolio, one of which is a recent gold producer.The latter property includes the Mara Rosa mine in Brazil, which the company is ac…
TSE SHORT POSITIONS (July 28, 1997)
Short positions outstanding at July 15, 1997Larger individual positions included: Barrick Gold 10,938,501, up 810,045; Bema Gold 4,426,645, down 369,241; Campbell Resources 3,470,249, up 883,549; Echo…
LME WAREHOUSE LEVELS (July 28, 1997)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at July 21/97 (change from previous week in brackets):Aluminium646925(-13125)Copper195950(+52650)Lead118000(+700)Nickel54078(+…
Nelson prepares to resuscitate Kalana
A feasibility study by Nelson Gold (NLG-T) calls for a 2-stage development program at the Kalana gold project in Mali, in preparation for a return to production.Ashanti Goldfields (AHD.U-T) holds an 8…
PEOPLE — LEH VENTURES (July 28, 1997)
Gerard Dennehy appointed director.